Stock Futures Steady as Investors Gear Up for Key Bank Earnings and Inflation Data: Live Updates

Traders on the New York Stock Exchange (NYSE) are in a watchful mood as stock futures stay mostly steady. After a winning day, traders await earnings from major banks and important inflation data.

The Dow Jones Industrial Average futures dipped slightly, losing 30 points, or about 0.07%. Similarly, S&P 500 and Nasdaq 100 futures fell about 0.1%.

Despite facing potential tariffs from President Trump on the European Union and Mexico set to start August 1, Wall Street wrapped up a positive session. The Dow rose 88 points (0.2%), the S&P 500 gained 0.1%, and the Nasdaq climbed roughly 0.3%.

Dan Greenhaus, chief strategist at Solus Alternative Asset Management, shared his thoughts on the situation. He mentioned the potential impact of rising tariffs, saying, “We might need to take a breather.” His insight highlights the ongoing uncertainty in the market.

Looking ahead, investors are hopeful for a fruitful second-quarter earnings season. Expectations are modest, with the S&P 500 predicted to show a 4.3% growth rate year-over-year, according to FactSet.

Big banks like JPMorgan Chase, Wells Fargo, and Citigroup are set to release their quarterly reports soon. On Wednesday, Bank of America, Goldman Sachs, and Morgan Stanley will follow suit. This earnings season is critical, as it might offer a clearer picture of the economy.

Investors will also be watching the June consumer price index, due Tuesday. This data will help assess how tariffs are affecting prices. The forecast suggests a 0.3% monthly increase, with a headline reading of 2.7%. Any surprise in these figures could shake the market that has yet to see significant tariff impacts.

In recent discussions, social media users have been expressing mixed feelings. Some are optimistic about earnings, while others are cautious about inflation’s potential rise. This sentiment reflects a broader trend, as many seek clarity in an uncertain economic landscape.

As we navigate this complex market, staying informed is crucial. For more insights on economic indicators, check out FactSet for data and analysis.

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